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On January 1, 2021, Instaform, Inc., Issued 10% bonds with a face amount of $49 million, dated January 1 The bonds mature in 2040 (20

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On January 1, 2021, Instaform, Inc., Issued 10% bonds with a face amount of $49 million, dated January 1 The bonds mature in 2040 (20 years. The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually. (FV of $1. PV of $1. EVA of $1. PVA of S1, FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1-4. Determine the price of the bonds at January 1, 2021. 1-6. Prepare the joumal entry to record their issuance by Instaform 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2021 3. Assume Broadcourt Electronics purchased the entire Issue in a pitvate placement of the bonds. Using the data in requirement 2. prepare the journal entry to record the purchase by Broadcourt, Complete this question by entering your answers in the tabs below. RIA Reg 18 Reg 2A Reg 20 Reg Determine the price of the bonds at January 1, 2021 enter Weber bon

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